BidaskClub cut shares of Antero Resources Corporation (NYSE:AR) from a hold rating to a sell rating in a research note issued to investors on Thursday.

Several other research firms also recently commented on AR. Credit Suisse Group reaffirmed a buy rating on shares of Antero Resources Corporation in a report on Friday, March 31st. Evercore ISI downgraded shares of Antero Resources Corporation to an outperform rating in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of Antero Resources Corporation from a strong-buy rating to a hold rating in a report on Tuesday, May 2nd. Scotiabank set a $31.00 price objective on shares of Antero Resources Corporation and gave the company a buy rating in a report on Monday, May 8th. Finally, ValuEngine downgraded shares of Antero Resources Corporation from a hold rating to a sell rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Antero Resources Corporation presently has an average rating of Hold and an average price target of $30.33.

Shares of Antero Resources Corporation (NYSE AR) opened at 21.10 on Thursday. The firm’s market cap is $6.66 billion. Antero Resources Corporation has a 1-year low of $19.51 and a 1-year high of $28.30. The stock’s 50 day moving average is $21.37 and its 200-day moving average is $22.69.

Antero Resources Corporation (NYSE:AR) last issued its quarterly earnings results on Monday, May 8th. The oil and natural gas company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.17. The company had revenue of $801.65 million during the quarter, compared to analysts’ expectations of $762.70 million. Antero Resources Corporation’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.17 earnings per share. Analysts expect that Antero Resources Corporation will post $0.43 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “Antero Resources Corporation (AR) Lowered to Sell at BidaskClub” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/antero-resources-corporation-ar-lowered-to-sell-at-bidaskclub/1463639.html.

In other Antero Resources Corporation news, insider Ward D. Mcneilly sold 24,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $22.05, for a total transaction of $529,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Paul M. Rady purchased 500,000 shares of Antero Resources Corporation stock in a transaction on Wednesday, May 17th. The shares were acquired at an average price of $21.11 per share, for a total transaction of $10,555,000.00. The disclosure for this purchase can be found here. 10.80% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AR. Nomura Asset Management Co. Ltd. boosted its position in shares of Antero Resources Corporation by 0.8% in the first quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock worth $524,000 after buying an additional 190 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Antero Resources Corporation by 4.4% in the first quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock worth $215,000 after buying an additional 400 shares during the last quarter. Allen Investment Management LLC boosted its position in shares of Antero Resources Corporation by 2.4% in the first quarter. Allen Investment Management LLC now owns 18,275 shares of the oil and natural gas company’s stock worth $417,000 after buying an additional 422 shares during the last quarter. TCW Group Inc. boosted its position in shares of Antero Resources Corporation by 1.9% in the first quarter. TCW Group Inc. now owns 23,368 shares of the oil and natural gas company’s stock worth $533,000 after buying an additional 445 shares during the last quarter. Finally, Texan Capital Management boosted its position in shares of Antero Resources Corporation by 2.0% in the second quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock worth $580,000 after buying an additional 535 shares during the last quarter. Institutional investors and hedge funds own 91.82% of the company’s stock.

Antero Resources Corporation Company Profile

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

Analyst Recommendations for Antero Resources Corporation (NYSE:AR)

Receive News & Ratings for Antero Resources Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.